Verge, a ”privacy coin” famed for the zealotry of its community, has fallen prey to a 51% attack. A malevolent miner gained majority control of the network hashrate, a feat that makes it possible for the controlling entity to modify transactions, calling the integrity of the entire blockchain into question. Around 250,000 verge were stolen by the attacker, forcing the project team to prepare a hard fork.
It’s been a choppy start to the day as investors look for direction following Wednesday’s sell-off, with volatility continuing to peg back more sustainable moves across the majors.
During the height of the cryptocurrency trading mania, when major exchanges closed their doors to new clients in an effort to cope, it was not uncommon to see people offering big amounts to buy existing accounts. The following case should serve as a warning to anyone considering selling accounts, as you can never know what legal problems may arise.
In the last few months, rhetoric and news coverage around bitcoin has mostly been bearish. Jon Matonis, a former director at the Bitcoin Foundation, injected a bullish tone at a recent Business Insider event in London.
Read more: Bitcoin To Pop Markets Bubble: Ex-Bitcoin Director | Investopedia https://www.investopedia.com/news/bitcoin-pop-markets-bubble-exbitcoin-director/#ixzz5BmYEkdfQ
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Bitcoin and other virtual coins were lower on Wednesday, as Russia explores blockchain technology in a bid to reduce dependence on SWIFT, a worldwide interbank exchange.